Company to invest in Vernon Davis' future earnings

The Sports Xchange
The SportsXchange

Fantex Brokerage Services announced Thursday that it intends to sell shares of San Francisco 49ers tight Vernon Davis' future earnings.
Earlier, this month, the company did the same with Houston Texans running back Arian Foster.
Fantex CEO Buck French told that it paid Davis $4 million to the rights to 10 percent of his future earnings, which includes his playing contract, endorsements and income after he retires from football.
Fantex said it will create stock that allows the general public to invest in Davis.
In 2010, Davis signed a five-year deal with the 49ers in which $23 million is guaranteed. His base salary this season is $6 million.
Davis, who is in his eighth season, has 518 receiving yards with seven touchdowns.
His endorsements include Force Factor sports supplements and Krave beef jerky. However, Davis recently lost an endorsement deal with coconut water brand Vita Coco after tweeting about rival drink BodyArmor.
French said the company will start taking reservations next week on its interest in Foster, who it paid $10 million for a 20 percent share of his future earnings. The deal was approved by the Securities and Exchange Commission. French said the goal is to begin trading on Foster stock by the end of November.
Foster has not practiced since sustaining a hamstring injury against the Kansas City Chiefs on Oct. 20.

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